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Shelby County Trust Bank

Shelbyville, KY · Cert 10146

FDIC · 18 branches

Q4 2021

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q4 2021, the quarter ended December 31, 2021, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Shelby County Trust Bank

Shelbyville, KY · Cert 10146

FDIC · 18 branches

Q4 2021

$1.3BAssets
$682.2MLoans
$1.0BDeposits
$118.3MEquity
Loan mix
79%RE $367.6M14%C&I $64.7M7%Consumer $33.9MQ4 2020Q4 2021
Deposit mix
71%Interest-bearing $709.7M29%Noninterest $294.4MQ4 2020Q4 2021

NIM

3.78%Q4 ’193.62%Q4 ’203.04%Q4 ’21+8%-11%

Non-interest income vs. expense

4.89%Q4 ’195.67%Q4 ’204.64%Q4 ’21-61%+109%

Market Position · Louisville/Jefferson County, KY-IN · 2021 SOD (annual) · 2.3% share · #9 of 39 inst. · $0.9B of $39.1B

2.1% Jefferson
26.3% Shelby
1.8% Boone
1.0% Kenton

Executive Summary

  • Earnings: ROA of 1.24%, down 45 bps year over year; NIM at 2.79%.
  • Asset quality: problem loans at 0.66% of loans (+53 bps YoY), with net charge-offs at 0.01%.
  • Capital: tier 1 leverage ratio of 9.57%, down 6 bps from a year ago.
  • Funding: loans stand at 67.94% of deposits as of Q4 2021.

Financial Results

Return on Assets (YTD, annualized)

1.24%-45 bps YoY

Net Interest Margin (YTD, annualized)

2.79%-34 bps YoY

Efficiency Ratio (YTD, annualized)

78.22%+810 bps YoY

Tier 1 Leverage Ratio

9.57%-6 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2020Q1 2021Q2 2021Q3 2021Q4 2021YoY ΔTrend
Earnings
Return on Assets1.69%1.64%1.59%1.41%1.24%-45 bps
Return on Equity17.94%17.03%16.70%14.60%13.02%-492 bps
Net Interest Margin3.13%3.02%2.89%2.87%2.79%-34 bps
Efficiency Ratio70.12%74.82%75.06%77.52%78.22%+810 bps
Non-Interest Burden0.72%1.29%1.24%1.41%1.50%+78 bps
Growth
Asset Growth (YoY)5.97%4.10%-2.29%0.51%9.28%+331 bps
Loan Growth (YoY)3.99%-0.01%-18.54%-18.39%-18.61%-2,261 bps
Deposit Growth (YoY)2.03%1.44%-0.01%2.12%7.55%+552 bps
Asset Quality
Nonperforming Loans / Loans0.13%0.56%0.57%0.43%0.66%+53 bps
Net Charge-Offs / Loans0.02%0.02%0.05%0.06%0.01%-1 bps
Allowance / Loans1.90%1.97%2.10%2.17%2.37%+47 bps
Allowance Coverage of NPLs15.0x3.5x3.7x5.1x3.6x-11.4x
Capital
Tier 1 Leverage Ratio9.63%9.16%9.28%9.51%9.57%-6 bps
Total Risk-Based Capital13.51%14.57%14.85%14.97%15.57%+205 bps
Equity / Assets9.78%9.46%9.30%10.00%9.11%-68 bps
Liquidity & Funding
Loans / Deposits89.78%84.27%76.05%74.88%67.94%-2,184 bps
Liquid Assets / Assets6.97%9.96%17.70%14.81%22.73%+1,577 bps
CRE / Total Capitaln/an/an/an/an/an/an/a